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1908 Country Brook Drive Weatherford, TX 76087

3 Beds 2 Baths 1,760 sqft Built 1988

$259,900

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $147.67
  • 5 Days on Market
  • MLS # : 14509259
  • Updated Date : 02/12/2021 at 11:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,760 sqft
  • Baths : 2 full
Listing Agent

Ebby Halliday, Realtors

Listing Agent's Description

Dreaming about getting out of the city to some peace and quiet? Beautiful quiet neighborhood with rolling terrain, native oaks and winding streets. You wont believe your eyes. This renovation presents itself like a brand new home. Stepping in allows a full view of the formal dining, central living area and custom designed patio area. Kitchen features updated cabinetry, brand new porcelain flooring, farmhouse sink, and a nice size laundry center and mud room. Master bedroom is split and offers luxurious shower and total bath remodel. Additional sleeping quarters are nice size with walk in closets. This will not disappoint the discriminating buyer. Just bring your furniture and move right in. A joy to see!

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $104k342k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 76087

ZipNIR Market*CityMarket2010Year20002019 Q21200130014001500160017001800190020002100Rent in $11212171

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Hall Middle School Middle Regular 592 41 5
Weatherford High School High Regular 2,238 148 6
Whs Ninth Grade Center High Regular NA

Hall Middle School

  • Education Level: Middle
  • # of students: 592
  • # of teachers: 41
5
GreatSchools Rating

Weatherford High School

  • Education Level: High
  • # of students: 2,238
  • # of teachers: 148
6
GreatSchools Rating

Whs Ninth Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$233,910$285,890$259,900

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$903
Property Tax -$553
Property Insurance -$129
Property Management Fees -$99
CASH FLOW
$156

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$259,900

PROJECTED PRICE

$1,840

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.94%
Appreciation Year (1-5) 6.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.93%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$24,373

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,840

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,835

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,7004$1,8405$1,895
$1,895
RENT COMPS ANALYSIS
  • 1908 Country Brook Drive Weatherford, TX 4
    • 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,760 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $1.05
    •  
  • 108 Guinevere Court Weatherford, TX 1
    • 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,508 Sqft ∙ Built 1986
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 205 Guinevere Drive Weatherford, TX 2
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1985
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.97
    •  
  • 1306 Timber Creek Drive Weatherford, TX 3
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 2000
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.04
    •  
  • 110 Mill Creek Lane Weatherford, TX 5
    • 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,674 Sqft ∙ Built 1989
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.13
    •  
PROPERTY LISTING DETAILS
Suzanne Key
Ebby Halliday, Realtors
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14509259
Last Updated: 02/12/2021
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